HB Wealth Management, LLC

Key Holdings

The portfolio is dominated by passive investment vehicles, with the top ten positions accounting for a significant portion of assets. The largest holding is the Vanguard Total Stock Market ETF (VTI), which comprises $2.68 billion or 18.15% of the portfolio. This indicates a strong conviction in the overall U.S. equity market. The second and third positions, Vanguard Dividend Appreciation ETF (VIG) ($1.18B) and Vanguard Total International Stock ETF (VXUS) ($526.7M), suggest a tactical tilt toward quality income generation and international diversification, respectively.

Notably, the firm holds multiple ETFs that track similar indices (e.g., VTI, SPY, IVV, VOO, ITOT, SCHB), which may be utilized for different liquidity needs, fee structures, or specific client mandates. Among individual equities, Apple Inc. (AAPL) is the most prominent holding at $393.5 million (2.66%), followed by Home Depot (HD), Microsoft (MSFT), and NVIDIA (NVDA). The concentration in Apple—exceeding the individual weight of many major ETFs—signals a specific overweight in the technology giant relative to a passive benchmark.